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Dialog Group recorded a 21.8 percent jump in 4Q15 net profit to RM63.6 million, lifting its full-year (FY15) earnings to a record RM275.1 million, up 27.5 percent year-on-year.

According to the firm, the strong performance during the fourth quarter was underpinned by the Pengerang Deepwater Terminal project, with Phase 1 of the project in full operations and the beginning of works for Phase 2.

On the international front, low activities in engineering, construction and plant maintenance in Singapore and fabrication in Australia and New Zealand and lower sales of specialist products and services resulted in a 20 percent fall in sales. However, net profit for international operations rose 20.8 percent, due to gain on disposal of other investment.

Significance: Going forward, Dialog is confident that its business model can withstand the current oil price volatility and currency movements and anticipates strong demand for storage facilities for crude oil and products. The group also noted that it will continue to benefit from long-term recurring rental income derived from additional tank terminal facilities when they go into operations

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